Represents human capital per worker

Assignment Help Business Economics
Reference no: EM132124932

Consider the following production function that is already written in per worker terms: y = Akαh 1-α where h represents human capital per worker. Suppose we are given the following information: capital per worker in an economy has been growing at 1% per year, human capital per worker has been growing at 5% per year, and output per worker has been increasing at 1% per year. What is the rate of productivity growth? Assume that α = 1/3.

Reference no: EM132124932

Questions Cloud

New major league baseball stadium in indianapolis : What factor or variable is the most important in forecasting market demand for a new major league baseball stadium in Indianapolis?
Watch and discuss the video-the power of the market : If possible, cite a specific example illustrating the point(s) made. Discuss your thoughts, feelings, questions, opinions, etc. about the assignment.
What are the two main problems associated with nuclear power : Watch the video - The fight to rethink (and reinvent) nuclear power and answer question - What are the two main problems associated with nuclear power
Identify and research two event scenarios : Identify and research two event scenarios where you think integrated marketing communications (I.M.C.) have been deployed well.
Represents human capital per worker : Consider the following production function that is already written in per worker terms: y = Akah 1-a where h represents human capital per worker
Economic profit between a competitive firm and a monopolist : Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run.
Identify the various categories of sponsorship opportunities : Identify the various categories of sponsorship opportunities. Compare and contrast two sponsorship activities and provide a discussion on your preferred.
Determine what constitutes the best choice of action : One of the biggest challenges to decision making is making "the best choice" describe what the "best choice" means to you as a manager.
How would the following items change and by how much : Suppose MPC is 0.7. Government spending increases by $10 billion, and taxes decrease by $5 billion. How would the following items change, and by how much?

Reviews

Write a Review

Business Economics Questions & Answers

  How much do you have to deposit each year make sure

Assume the interest rate is 5.75 %. how much do you have to deposit each year make sure that 8,000 can be withdrawn for the 4 years?

  Separate files for the completion of assignment

This assignment consists of two (2) sections: a project introduction and a Gantt chart or project plan. You must submit both sections as separate files for the completion of this assignment. Label each file name according to the section of the assig..

  Population standard deviation

The population standard deviation s is estimated to be around 25. The necessary sample size should be at least?

  People are initially cautious about eating sushi

Consider the following economic scenario: The first sushi restaurant opens in a city. People are initially cautious about eating sushi, until an influential health report warns consumers against grilled meat and suggest that they increase their consu..

  What macroeconomic condition is this economy experiencing

In this economy we have an MPC equal to 0.80, Autonomous Consumption of $600 billion, Planned Investment (I) of $1,000 billion, Government Spending (G) of $1,200 billion and Net Taxes (T) of $1,000 billion. If this economy had a full employment level..

  Economic profit between a competitive firm and a monopolist

Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run.

  Short run supply curve for a perfectly competitive firm

Assume all fixed costs are sunk. The short run supply curve for a perfectly competitive firm is

  Socioeconomic status class individuals behave unethically

Why do upper socioeconomic status and lower socioeconomic status class individuals behave unethically?

  Decrease in the government deficit is likely to

In the long run, all thing equal, a decrease in the government deficit is likely to

  Deficit outlook darkens

According to the In the News article in the text titled "Deficit Outlook Darkens,"

  Part-time and earns annual-life cycle changes in income

Miguel is a 20 year old college student who works part-time and earns an annual income of $12,000. To smooth out his life cycle changes in income, Miguel can

  Affected by the market value going up and down

If the par value of the common stock is 5 dollars and is sold at market for 10 dollars does the company get the extra $5? Also how is the company affected by the market value going up and down?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd